SANTIAGO – Chile’s private pension funds were worth a total of 106.98 billion pesos (about $150.05 billion) last month, up 4.1 percent in peso terms from the same month in 2015, the pension administration said Thursday.
The funds’ value was up by 4.25 billion pesos (some $5.96 billion) in January, compared to the same month in 2015, resulting in a nominal gain of 4.1 percent and an inflation-adjusted return of 0.20 percent.
Four of the five categories into which the pension funds are grouped, based on the level of investment risk, posted negative returns in January, both compared to the previous month and on a year-on-year basis, while two were up, amid the global stock market rout.
Fund A, which has the highest exposure to stocks, fell 6.02 percent last month, compared to December, while Fund C, which has the largest number of beneficiaries, fell 2.05 percent in January and 2.24 percent on a year-on-year basis.
Fund E, which has the lowest risk profile, was up 0.71 percent last month and 0.28 percent year-on-year.
Some 42.4 percent of total private pension assets, or about $63.53 billion, was invested abroad, mainly in equities.
The remaining 57.6 percent of assets, or about $86.52 billion, was invested domestically, mostly in fixed-income instruments.